Jump to content


  • Content Count

  • Joined

  • Last visited

Everything posted by Sloth

  1. Sloth

    Returning to UK after aged 60

    No worries. I only found out because we're doing the same thing as you.
  2. Sloth

    Returning to UK after aged 60

    This is addressed in this article: https://taxquestions.com.au/whether-to-sell-your-ppr-when-going-overseas-to-work/
  3. Sloth

    moving savings back to uk

    You should also bear in mind that if you're leaving Australia permanently, you become a non-resident for Australian tax purposes, and any bank interest will be subject to withholding tax. This page explains it: https://www.canstar.com.au/savings-accounts/withholding-tax-savings-account/ This para is relevant: "The ATO explains that if you are a foreign resident, your Australian bank will automatically withhold tax on any interest earned on savings accounts. The rate of tax withheld depends on whether you let the bank know your overseas address. If you provide an address, withholding tax works out at 10%. Without details of your overseas address, tax is withheld at 47%."
  4. Sloth

    Age 42 and 50 - are we mad?

    We're both optometrists. No ageism, just casual racism.
  5. Sloth

    Age 42 and 50 - are we mad?

    We moved here when I was 50 and my wife was 42, and definitely worth it in our case.
  6. Sloth

    How to Get Ready to Receive UK Pension

  7. Sloth

    Non resident in UK

  8. Sloth

    What to do with Super When Return To UK.

    Will you satisfy any of the conditions of release before you leave Australia? https://www.ato.gov.au/Individuals/Super/Withdrawing-and-using-your-super/
  9. Sloth

    Residency, tax and split year treatment

    This explains split year treatment: https://www.litrg.org.uk/tax-guides/migrants/residence-and-domicile/what-split-year-treatment
  10. Sloth

    Unsure whether to return to UK

    There are possible tax implications if you rent your house out, decide not to return to Australia, and subsequently sell the house as a foreign resident. https://atlaswealth.com/news/selling-australian-real-estate-as-an-expat/
  11. I have a question that I can't find a ready answer to. I'm originally a UK citizen, and have been living and working in Tasmania since 2006, and became an Aus citizen in 2009. I'm now thinking of returning permanently to the UK. I am over 60. I have read that in order to avoid UK tax, it's necessary to withdraw my super whilst still in Australia and send it back to the UK as savings. Let's say I withdraw my super on 1 July 2022 so it's now just cash in my bank account, which I then transfer to my UK bank. I then finalise my other affairs in order to return home, and I leave Australia, arriving back in the UK on 1 September 2022. By the end of the UK tax year on 5 April 2023, I will have been in the UK for more than 183 days, so I will be deemed to be a UK tax resident for the entire year from the preceding 6 April-this includes the date on which I withdrew my super prior to leaving Australia. Does this have any UK tax implications for my super? Do I need to elect for split year treatment in the year I return to the UK?
  12. https://www.gov.uk/government/publications/social-security-abroad-ni38
  13. We're heading back next year and plan to use Wise. We've been using them for several years to send money in both directions. Opening an account is straightforward enough. Have you told the receiving bank in the UK what you're planning to do? The last thing you'll need to happen is your account being frozen for suspicious activity.
  14. Why would you complete a UK tax return if you're resident for tax purposes in Australia?
  15. Sloth

    National insurance stamps

    Here's how to pay once approved https://www.gov.uk/pay-class-2-national-insurance/bank-details The first time I paid, you could do it by cheque, and I wrote on the back of the cheque which years I wanted the payments allocated to (after having first spoken to the Future Pensions centre to find out which years were worth paying). The second time, cheques weren't allowed so I paid for a single year using the above link, and it was allocated randomly to an empty year which didn't produce an uplift to my final amount, so I then had to phone to request that it be reallocated to the correct year. It was a bit of a faff but easy to fix.
  16. Sloth

    National insurance stamps

    If you're referring to box 3 on the CF83, I put NONE.
  17. Sloth

    National insurance stamps

    Yes, I paid 12 missing years.
  18. Sloth

    National insurance stamps

    You have to wait for a reply to say you've been approved (or not) and then you can.
  19. Sloth

    National insurance stamps

    You need to apply by mail to get approval to pay voluntary class 2 NI: https://www.gov.uk/government/publications/social-security-abroad-ni38
  20. Sloth

    Moving Back to UK after 18 years

    From the myGov website: "Travelling overseas - accessing myGov While you're overseas, you can still sign in to myGov. However, to sign in with a code sent by SMS, you'll need to: use the same mobile phone number registered to your myGov account be able to get the code by SMS, while outside Australia connect to a mobile phone network compatible with your phone service provider. If you can't get text messages while you're overseas, you won't be able to sign in to your myGov account. Before you travel, you'll need to change how you sign in. You can change your sign in option to use the myGov Code Generator app or secret questions and answers. To change how you sign in to myGov, you can either: download and set up the myGov Code Generator app on your mobile device use secret questions and answers. If you don't have the myGov Code Generator app, you can download it from the App Store or Google Play and then set it up. You must do this before you travel overseas."
  21. How long did it take from date of claim to getting your first payment?
  22. Incorrect. SP age in my case was three months ago. They haven't sent anything as yet. From the gov.uk New State Pension page: "You will not get your new State Pension automatically - you have to claim it." So, you have to claim it.
  23. Sloth

    Creating a Gov.UK account

    The other thing I should have mentioned is you can also split your pot any way you like, and only put say a quarter or a half of it into pension mode according to your needs.
  24. Sloth

    Creating a Gov.UK account

    The way around the minimum percentage rule is to leave it in accumulation mode and withdraw lump sums as you need it once you meet a condition of release.
  25. Sloth


    Aviva accept Aus NCD also. Attached is a screenshot of what proof is needed.